Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

11. Long Term Liabilities

Introduction to Bonds and Bond Characteristics

Financial Accounting

11. Long Term Liabilities

Introduction to Bonds and Bond Characteristics

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Multiple Choice

A bond that matures in installments at regular intervals is a:

Callable bond

Convertible bond

Serial bond

Term bond

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Verified step by step guidance

Understand the concept of a bond: A bond is a fixed income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental.

Learn the definition of a serial bond: A serial bond is a type of bond that matures in installments at regular intervals, meaning portions of the principal are repaid periodically until the bond is fully matured.

Compare the characteristics of other bond types: Callable bonds can be redeemed by the issuer before maturity, convertible bonds can be converted into a predetermined number of shares, and term bonds mature at a single date in the future.

Identify the key feature of the bond described in the problem: The bond matures in installments at regular intervals, which aligns with the definition of a serial bond.

Conclude that the correct answer is 'Serial bond' based on the bond's characteristics and the definitions provided.